Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be purchased at a price not exceeding CNY 55 per share.

The repurchased shares will be used for employee stock ownership plans or equity incentive plans. If the company fails to use up the repurchased shares within 3 years after the announcement of the share repurchase implementation results and share changes, the unused repurchased shares will be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.